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seeking to reduce violence, to deal with the burgeoning drug problem, particularly in the 1980's and 1990's, and the violence that accompanied them. and what people thought was -- the need to appear very, very tough on crime, without thinking through the results of a lot of those actions. we have lived with those results for now, several generations, seeing the effects of some of the laws and regulations and statutes that we have. al: was the 1994 crime act bad? -- was that a mistake? in retrospect, do you think that was a mistake? ms. lynch: it did not think through all of the consequences of what it thought it would do. it was seeking to address the credible problem of violence accompanying the drug trade, particularly as it grew in our large cities. you had individuals coming from overseas were part of trafficking. i was a young prosecutor in the 1990's, i remember those days, i think the thought was, the solution crafted in washington could be passed and essentially affect every neighborhood the same way. it just did not. i think many of us who were practicing in that area saw th

seeking to reduce violence, to deal with the burgeoning drug problem, particularly in the 1980's and 1990's, and the violence that accompanied them. and what people thought was -- the need to appear very, very tough on crime, without thinking through the results of a lot of those actions. we have lived with those results for now, several generations, seeing the effects of some of the laws and regulations and statutes that we have. al: was the 1994 crime act bad? -- was that a mistake? in...

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first congress of the ruling party since the 19 0's, and we're live on the ground. "surveillance." a most interesting day, because we talk about inflation in australia, talk about commodities. but it's really all about jobs. just a little bit of a haze into yen. tom: yeah, i also noticed german yields have again way this morning. one of my great focuses will be to revisit the two-year and 10-year german yield. what i want to ask you about, francine, are the elections in britain k. we talk about them yet? where are we in terms of results? francine: ok, so the results we find out a little bit later. we already have indications. yesterday we voted on three things. the mayor here in london, but also local elections. what we know so far is that it doesn't seem to have a huge revolution. i don't know the conflictions of brexit, but we'll try to analyze it. first off, let's get the news. >> thanks, francine. early results are in from the british regional and local elections. nationalists are on course for a third straight victory in scotland. nicholas will extend her term as head of the sco

first congress of the ruling party since the 19 0's, and we're live on the ground. "surveillance." a most interesting day, because we talk about inflation in australia, talk about commodities. but it's really all about jobs. just a little bit of a haze into yen. tom: yeah, i also noticed german yields have again way this morning. one of my great focuses will be to revisit the two-year and 10-year german yield. what i want to ask you about, francine, are the elections in britain k. we...

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from the fed.thes&p 500is at its highest level in almost a month. at&tberg news has learned is entering the contest for yahoo!'s internet business, setting off a head-to-head battle with verizon. a look at why at&t is making such a late entry. and microsoft is slashing more than 1800 jobs, accelerating its exit from the smartphone business. what is the company's strategy? are one hour from the close of trading. let's head to the markets desk where julie hyman has the latest. how are stocks looking? off ofstocks have come their highs little bit and we see volume slowing down a little bit. nonetheless, still seeing a strong today rally. if you look at the groups that are moving, that has been pretty consistent today. energy shares have in in this top spot consistently throughout the course of this session. materials follow them and utilities are the laggard as we have higher yields which tend to be inversely correlated with utility shares. commodities, oil prices pushing higher after we got the weekly inventory report showing a continuing drop in production and a drop in inventor

from the fed. the s&p 500 is at its highest level in almost a month. at&tberg news has learned is entering the contest for yahoo!'s internet business, setting off a head-to-head battle with verizon. a look at why at&t is making such a late entry. and microsoft is slashing more than 1800 jobs, accelerating its exit from the smartphone business. what is the company's strategy? are one hour from the close of trading. let's head to the markets desk where julie hyman has the latest. how...

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. once that radar -- once they are lost on radar, that is there --s there is not a system lost radar, there is not a system. it should be transmitting data to some base where it is being stored, rather than having to physically retrieve the black box. we are not there yet. the once they get below radar, that seems to be where the gap emerges. asseems they have a picture to what happened to the aircraft. thank you very much. greg viscusi joining us out of paris. double line in blackrock says it is time for the bond market to stop pricing and central-bank action. talking about the fed. more next. ♪ guy: welcome back. you're watching "on the move." we are 52 minutes into the market session. the market is up in london. i think we should be looking at big bend. data accurate here at bloomberg. let's talk about some of the highlights. matt. matt: let's look at what is going on in the u.k. and the ..s., 3:00 p.m. in london u.s. existing home sales data comes out. after the market closed, we are due to get updates on several economies on the side of atlantic -- side of the atlantic, includ

. once that radar -- once they are lost on radar, that is there --s there is not a system lost radar, there is not a system. it should be transmitting data to some base where it is being stored, rather than having to physically retrieve the black box. we are not there yet. the once they get below radar, that seems to be where the gap emerges. asseems they have a picture to what happened to the aircraft. thank you very much. greg viscusi joining us out of paris. double line in blackrock says it...

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for her use of a private e-mail server, and we all took a brief trip back to the 1990's. >> ♪ >> so you think you are a 1990 same? >> the 1990's or better. >> can you handle this? they were the best of friends. but now, is donald bluffing or is he opening a full house? will hillary be saved by the bill or can donald exploit those not so wonder years? >> i have no idea what i'm doing. >> tonight, mark and john explain it all, so you won't be clueless. we have all that and more on this special edition of "wadr: i love the 1990's." john: there is something more recent than those wonder years. hillary clinton and donald trump. >> the state department's inspector general released a report on hillary clinton's use of the world's most famous private e-mail system while she was serving a secretary of state. this scathing report confirms a lot of things we already knew, like that her e-mail practices violated state department rules, but also that she was not the only secretary of state to do government business on a personal account. still, is very tough report, written by barack obama's gov

for her use of a private e-mail server, and we all took a brief trip back to the 1990's. >> ♪ >> so you think you are a 1990 same? >> the 1990's or better. >> can you handle this? they were the best of friends. but now, is donald bluffing or is he opening a full house? will hillary be saved by the bill or can donald exploit those not so wonder years? >> i have no idea what i'm doing. >> tonight, mark and john explain it all, so you won't be clueless. we...

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, thing is, central bank until the 1970's and 1980's were busy buying and selling. we know the asian central banks have done this and the world has not come to an end. tom: adam posen with us. the important thing is the historical perspective of central banks of another time. coming up on bloomberg , a perfect time to look into the state of global wall street and our financial system. evercore partners chief executive officer. stay with us. bloomberg "surveillance." ♪ stocks falling with emerging markets, the dollar climate. reserveas two federal officials raise concern that investors have become too complacent in their belief that u.s. interest rates will stay on hold. i'm francine lacqua in london. tom keene in new york. let's get to the business flash. vonnie: second quarter profit beat estimates at siemens. europe's largest engineering company is altering its structure to focus on energy generation and distributional. the largest auto recall ever is about to get bigger. that's raising question about the survival of takata. the japanese companies airbags is the reason for th

, thing is, central bank until the 1970's and 1980's were busy buying and selling. we know the asian central banks have done this and the world has not come to an end. tom: adam posen with us. the important thing is the historical perspective of central banks of another time. coming up on bloomberg , a perfect time to look into the state of global wall street and our financial system. evercore partners chief executive officer. stay with us. bloomberg "surveillance." ♪ stocks falling...

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about 30 points. caterpillar is leading declines andthes&p notdoing much of anything, only up a point. the nasdaq has pared gains to a third of 1%. accelerateds have as the group now down to percent, now weighing more. even as health does maintain some of its gains. one of the interesting charts we have been watching has to do with the yield gap between stocks and bonds. this is something that robert buckland. pointed out he said stocks will benefit from their status as the yield asset because the yields on bonds are so low. you see the 10 year yield and this is just another way of looking at it, it is the difference between the two, it is only around a percentage point difference between these two, but stocks, as you can see, now yield more than the 10-year note. they will continue to benefit from the differential. if you look at the 10-year note it's self and see what is going on, we do see a decrease in yield to 1.76%, so just emphasizing the point of buckland is making. elsewhere, oil prices as energy stocks drop off, oil losses down by 1.4% and other commodities are also declinin

about 30 points. caterpillar is leading declines and the s&p not doing much of anything, only up a point. the nasdaq has pared gains to a third of 1%. accelerateds have as the group now down to percent, now weighing more. even as health does maintain some of its gains. one of the interesting charts we have been watching has to do with the yield gap between stocks and bonds. this is something that robert buckland. pointed out he said stocks will benefit from their status as the yield asset...

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lost their edge over stocks stagnating in the second quarter.thes&p 500has returned over 2%. let us bring in our guest. the senior advisor at credit suisse. bob parker is here. coming into the u.k. market later today after we heard from janet yellen on friday, do you think what she said on friday begs the question of when and not if? during the third quarter and probably july, we will see the next bed rate increase. i would be surprised if we saw it in june. month'swe need another wea to confirm the uptrend have seen in the u.s. economy in april and may after a weak first quarter. a very mediocre performance. january and february data were poor. as we go into june and july i think the data will improve. particularly, we could see todline unemployment down 4.7% at the end of september confirming the just -- confirming justifying the fed raising rates by 25 basis points. with the prospect of another 25 basis points at the end of the year. manus: that is exactly what i was going to ask you. what is the propensity for this said to stretch out more -- for this fed to stretch out more?

lost their edge over stocks stagnating in the second quarter. the s&p 500 has returned over 2%. let us bring in our guest. the senior advisor at credit suisse. bob parker is here. coming into the u.k. market later today after we heard from janet yellen on friday, do you think what she said on friday begs the question of when and not if? during the third quarter and probably july, we will see the next bed rate increase. i would be surprised if we saw it in june. month'swe need another wea...

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finishing the session largely flat. futures on the session have firmed up. down 1/10 of 1% onthes&p 500.dow futures down not even 1/10 of 1%. the loss you see dominated by what is happening in europe. ftse 100 down by 110. dax is down by about 50 points. junk ryan goes in front of investors today. -- john cryan goes in front of investors today. 1.1191. at stronger inetting today's session on the back of a .trong u.k. retail sales print the story of the last 24 hours of the last week has been the bond market. we discussed a flat yield curve. you saw treasuries across the .urve start to sell off we are up a basis point of a 10 year to 1.86%. that is the situation. let's get the julie hyman for stocks. julie: let's start with walmart which is seeing a big towns in premarket up by 8%. it is a retail earnings we have gotten over the past couple of weeks sentiment going into this report was poor. walmart shares were down 4% yesterday along with target it's disappointing numbers. walmart looks like even more of a surprise. earnings share beating by $.10 versus analyst estimates. report to

finishing the session largely flat. futures on the session have firmed up. down 1/10 of 1% on the s&p 500. dow futures down not even 1/10 of 1%. the loss you see dominated by what is happening in europe. ftse 100 down by 110. dax is down by about 50 points. junk ryan goes in front of investors today. -- john cryan goes in front of investors today. 1.1191. at stronger inetting today's session on the back of a .trong u.k. retail sales print the story of the last 24 hours of the last week has...

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of the industry. both the internet industry, the googles, the yahoo!s, and microsofts that it wanted to control, continue to retain their control. but you had the traditional media world, the studios and labels and others, wanting to retain control of distribution. so they were attacking us, accusing us of not doing the right things around copyrights, when, in reality, we were building more tools than any of our competitors, and more policies from day one than anyone else to deal with all these problems and actually eventually create solutions for them where they could monetize them. the music industry earns billions of dollars off of youtube on an annual basis now. but with all these people looking at us, and us just struggling to keep things up and running, we had no other choice, really, at the end of the day, to be acquired by someone. and for us, we were lucky enough to be acquired by google, who, in my mind, kind of took a chance on us. and that, really, youtube would probably not be here today or what it is today without their support. so i am really thankful we ended up there

of the industry. both the internet industry, the googles, the yahoo!s, and microsofts that it wanted to control, continue to retain their control. but you had the traditional media world, the studios and labels and others, wanting to retain control of distribution. so they were attacking us, accusing us of not doing the right things around copyrights, when, in reality, we were building more tools than any of our competitors, and more policies from day one than anyone else to deal with all...

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that keeps coming in waves and waves? is it the execution by thesaudis? arethey going to come as it were, spread the good news around, spread the goodwill around in terms of reaching it international companies coming into saudi in terms of military spending, in terms of the actual program? robin: it's a great opportunity for the saudis' neighbors to get involved in the program, and for international companies as well. bey the based in the -- will based in the uae. for me it is really about the diversification process, non-oil companies to get established. we hear noise about the ipo of story, butcinating maybe not so relevant for the small investor. but a critical strategic move. if you said that a year ago you would be booted out of riyadh, and now it is part of the plan. manus: robin, thank you for your insight and context. robin mills, ceo at qamar energy. a glimmer of hope for india after back-to-back damaging droughts. the forecast for the monsoon and fect on the economy is next. this is "bloomberg markets middle east." ♪ rishaad: back with "bluebird markets middle east." 9:5

that keeps coming in waves and waves? is it the execution by the saudi s? are they going to come as it were, spread the good news around, spread the goodwill around in terms of reaching it international companies coming into saudi in terms of military spending, in terms of the actual program? robin: it's a great opportunity for the saudis' neighbors to get involved in the program, and for international companies as well. bey the based in the -- will based in the uae. for me it is really about...

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are pulling down thatindex.s&p justholding on and the nasdaq up about a quarter of 1%. as we are on the last trading day of the month, i want to look at the monthly performance and it is looking good. this is as eag -- underlying security, you are looking at, this is the average of the past five years and here is 2016 and as you can see, three of these blocks are green and that means three up in a row. last year, we did not have three straight up months. we have not seen this since 2014, so a bit of a winning streak for the s&p 500. we've got telecoms up and that is on the union agreement that was reached at least tentatively at&t and sprint are also gaining, today. on the flipside, we are looking at the big movie studios the cut they had some disappointing results over the weekend. 21st century fox with the x-men apocalypse. consider that it had $80 million in ticket sales, 28% low the prior x-men installment and disney's alice: through the looking glass proving disappointing to that particular studio. you heard mark talk about a big steelmaker, cleveland cliffs is these tilted

are pulling down that index. s&p just holding on and the nasdaq up about a quarter of 1%. as we are on the last trading day of the month, i want to look at the monthly performance and it is looking good. this is as eag -- underlying security, you are looking at, this is the average of the past five years and here is 2016 and as you can see, three of these blocks are green and that means three up in a row. last year, we did not have three straight up months. we have not seen this since...

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brent no longer in the 50's. 49.10 on the contract traded. . david: this is the point of program that we look at the top stories that terminal readers are reading on the bloomberg. we are putting up the top five here. we are back to miami real estate. about: this this story the miami's condo frenzy ending with inventory piling up in new towers. about long we have heard latin american buyers putting all cash on the table and buying up condos. some of us are scratching our heads because well miami even be there in 70 years? miami is the poster child for the real state back and it seems like some of these condos are not selling out and some of them are remaining empty. one of the real state people we spoke with is that we will see where this all ends up. david: talk about of boom and bust economy. miami real estate is down and up. jonathan: it's funny enough that we are seeing this in london with this huge project that is happening. a lot of properties are just not selling. everyone out there is waiting for this bubble that some people would refer to it to go like that -- pop. people hav

brent no longer in the 50's. 49.10 on the contract traded. . david: this is the point of program that we look at the top stories that terminal readers are reading on the bloomberg. we are putting up the top five here. we are back to miami real estate. about: this this story the miami's condo frenzy ending with inventory piling up in new towers. about long we have heard latin american buyers putting all cash on the table and buying up condos. some of us are scratching our heads because well...

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. it is a 3 billion dollars claim dating back to the 90's that's likely to drop some of the bad blood that has developed between these two tech giants. joining us from washington for some background is our litigation analyst, matt larson. one of the first point to mention is mark hurd ended up going to work for oracle where he is now co-ceo. what can we expect from this trial? hp is going to be making the case that when it was going to withdraw software support that it caused the business to crater and caused losses. nobody's going to want it because of the status of the software. there are other market indicators and indicators from chip manufacturers that this was not a profitable endeavor and that they were withdrawing support and had no legal obligation to continue support. you will see those play out over the course of the next several weeks in trial. the chipu covered years ago, what do you think? chaos i covered a lot of of which mark hurd was very involved with before he jumped to oracle. i wonder if it extends to some leverage hp had because of the experience that oracl

. it is a 3 billion dollars claim dating back to the 90's that's likely to drop some of the bad blood that has developed between these two tech giants. joining us from washington for some background is our litigation analyst, matt larson. one of the first point to mention is mark hurd ended up going to work for oracle where he is now co-ceo. what can we expect from this trial? hp is going to be making the case that when it was going to withdraw software support that it caused the business to...

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get in their way. i think i learned that from my mom. growing up in new york, she was 1950's cbs early news producer and she was a total connector of people. now that i look back i think i learned that from her. of gettings a lot stuff done in life in this society and a lot of places is knowing the right people. my job is to do that. them.ing blunt with if you're talking about kids are education, it is not about you. you can get people interested area and whether they are business guys. charlie: do you go to washington to lobby? jim: we do. when it comes to kids you have to speak truth to power, as they say. politicians in washington is a group that has fundamentally failed kids. the poverty rate -- republicans and democrats. it is because they have simply not paid attention to their best interests. it is all short-term decision-making. at what ourlook society, how is it possible that and people are the poorest americans question mark how is it possible that we have a relatively poor public school system for half the kids? charlie: what is the biggest crime against children and i

get in their way. i think i learned that from my mom. growing up in new york, she was 1950's cbs early news producer and she was a total connector of people. now that i look back i think i learned that from her. of gettings a lot stuff done in life in this society and a lot of places is knowing the right people. my job is to do that. them.ing blunt with if you're talking about kids are education, it is not about you. you can get people interested area and whether they are business guys....

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japan is lifting the regional iindex. it is still in negative territory and that is nowit'ss10thsession of losses. a lot to show you some of the stocks we have been watching. 6.4%e out of china at six in april. it is listed in hong kong which is being sold off, but toyota has received a good boost in tokyo. commodity prices has been in quite a lot of -- this is impacting the oil miners in sydney today. anna: thank you very much. manus? attention's turn our still to the part of the world. we will talk about china. consumer prices continue to rise. it was a healthy pace despite trading. narrowed morehat than expected. that go to stephen engle. i cut up with the chief global economist for s&p global and he said he didn't get some hard from these numbers. stephen: you have seen in the slowing economy, a firming of inflation. chinese officials, they hate and reflation. -- inflation. it is still well below the government target of 3% for the full year but it is at 3.3% for three straight months. coming from a low of 1.3% in october. now at 2.3% for three straight months. commodity pri

japan is lifting the regional iindex. it is still in negative territory and that is now it's s 10th session of losses. a lot to show you some of the stocks we have been watching. 6.4%e out of china at six in april. it is listed in hong kong which is being sold off, but toyota has received a good boost in tokyo. commodity prices has been in quite a lot of -- this is impacting the oil miners in sydney today. anna: thank you very much. manus? attention's turn our still to the part of the world....

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basically saying in the model, implicitly, when house prices go up, the data from the 2000's tells us people will spend money and the economy will come booming back. and what happened in 2006 is the thing that is abnormal, not now. >> if you are running a company and you had a model that kept generating the wrong numbers, get a new model. is anybody in the fed operation working on a new model? >> yes, they are. look, it is not to say, the job of forecasting the economy is a miserable, horrible job. fundamentally there are a lot of things that are not repeating history. >> as you probably know a couple weeks ago talked about the killing fields in the hedge fund industry. >> the hedge fund industry has grown to -- $3 trillion. -it is gone from modest size 10 or 15 years ago and it is probably the same size as the private equity industry. people are investing because they want higher rates of return. with low interest rates and low public equity returns, people think and hedge funds you can get better rates of return. some of these hedge funds have had problems. people will realize you h

basically saying in the model, implicitly, when house prices go up, the data from the 2000's tells us people will spend money and the economy will come booming back. and what happened in 2006 is the thing that is abnormal, not now. >> if you are running a company and you had a model that kept generating the wrong numbers, get a new model. is anybody in the fed operation working on a new model? >> yes, they are. look, it is not to say, the job of forecasting the economy is a...

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was done by donna bailey, one of my great female programmers in the 1970's. emily: atari cofounder nolan bushnell. coming up, he was an early investor in some of tech's biggest unicorns. spotify, uber, and dropbox, our exclusive interview with troy carter is up next. ♪ emily: investors are continuing their caution towards tech. specifically private valuations with some notable voices pointing to a few early signs of a bubble. i spoke with troy carter, founder and ceo of atom factory. the firm was an early investor in some of tech's biggest unicorns including uber and spotify. i started by asking if winter really is coming for the industry. troy: we are starting to see market corrections both on the late stage and in the early stage side as well. we do feel -- i think we are starting to see a lot of the younger entrepreneurs get a lot smarter in terms of their business approach. before, where it was all about hypergrowth, i think a lot of entrepreneurs are factoring in profitability and revenue and things like that as well. we are starting to see a correction in behavior. emily: y

was done by donna bailey, one of my great female programmers in the 1970's. emily: atari cofounder nolan bushnell. coming up, he was an early investor in some of tech's biggest unicorns. spotify, uber, and dropbox, our exclusive interview with troy carter is up next. ♪ emily: investors are continuing their caution towards tech. specifically private valuations with some notable voices pointing to a few early signs of a bubble. i spoke with troy carter, founder and ceo of atom factory. the...

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hovering around the lows of the session. volume is running about 4% above the 20-day average forthes&p 500.it has pared its gains for the year. the nasdaq has been taking the worst. economice some mix data today. the trade deficit is one of the with thehat came out smallest going back to february 2015. we had fewer imports. there was more of a balance between the two. overall, if you look at the economic data and looked at in the u.s. recently, today, we had the adp numbers. we had factory orders. we had durable goods. we had services. if you look at the u.s. surprise index, it got pretty close to neutral. that means that there were more positive surprises at than negative surprises. but we have gone back down again. that means the preponderance of economic reports in the united states are still missing what economists are estimating them. that is one of the reasons that we have a lot of concerns about growth, not just in the u.s., but globally. take a look at how this is affecting different assets. the u.s. dollar seeing gains today. it is up half of 1%. if you look at what is going

hovering around the lows of the session. volume is running about 4% above the 20-day average for the s&p 500. it has pared its gains for the year. the nasdaq has been taking the worst. economice some mix data today. the trade deficit is one of the with thehat came out smallest going back to february 2015. we had fewer imports. there was more of a balance between the two. overall, if you look at the economic data and looked at in the u.s. recently, today, we had the adp numbers. we had...

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they're taking on uber. ♪ emily: bidders continue to drop their name into yahoo!'s core asset. at&t is also making a bid for the struggling web portal against verizon, long considered the frontrunner. what value do people see in the business? dan is the former c.o.o. of yahoo!, current c.e.o. of chegg making some big acquisitions, first on yahoo!, there are reports that you are part of a group, your facilitating dan gilbert's bid for yahoo!, can you tell us anything about that? dan i'm not facilitating : anything. i think the story was accurate which is, i care a great deal about the company as do many , former yahoo!s. when there are high quality people interested in understanding the business, we're all happy to help them understand the business. emily: you are helping them understand the business? dan this is a complicated : business at a complicated time with lots of competitors and understanding the history of it is something a lot of people have asked me and other former yahoos. i'm happy to help people understand about growing companies. emily: how do you think it has proceeded

they're taking on uber. ♪ emily: bidders continue to drop their name into yahoo!'s core asset. at&t is also making a bid for the struggling web portal against verizon, long considered the frontrunner. what value do people see in the business? dan is the former c.o.o. of yahoo!, current c.e.o. of chegg making some big acquisitions, first on yahoo!, there are reports that you are part of a group, your facilitating dan gilbert's bid for yahoo!, can you tell us anything about that? dan i'm...

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banks? 's need to turn around. you can see it in terms of the books, says there remains uncertainty about litigation. there remains uncertainty about regulation. i thought the only comment that he made in the interview which i was a little bit skeptical about the end of are at the regulatory change. it really does not look like we're at the end of the regulatory change. tom: brad, we have to leave it there. we need a longer conversation when he returned to new york. brad hintz. in our next hour, unimportant hour with richard haass on the council of foreign relations. this is bloomberg "surveillance." ♪ tom: this morning, global commodities continue to search for a bid. the dollar strengthens. can janet yellen make actual progress through a june 15 fed meeting? the politics of a lame-duck american foreign-policy. richard haass of the council on foreign relations. edge ofsche bank on the junk. e.u. banks must consider operating headwinds. morning, everyone. "his is "bloomberg surveillance live from new york. francine, a most interesting conversation with jes staley, and the backdrop

banks? 's need to turn around. you can see it in terms of the books, says there remains uncertainty about litigation. there remains uncertainty about regulation. i thought the only comment that he made in the interview which i was a little bit skeptical about the end of are at the regulatory change. it really does not look like we're at the end of the regulatory change. tom: brad, we have to leave it there. we need a longer conversation when he returned to new york. brad hintz. in our next...

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out, i am not entirely sure at this point. 's difficultknow it because we are altering to find out, we have people on the ground gathering information. the situation is very fluid. there is also a number if you have relatives in the region that you can call. the us a sense, this is not first time there have been incidents involving egypt and airplanes. >> no, not at all. and this is really kind of unfortunate for the country. in march, there was a wasacking, a domestic -- it hijacked to cyprus by a guy who said he had an explosive vest. turned out he did not. it was a domestic issue. in october, and this is the major one, there was the metro russian passenger jet. about over 220 people dead. he islamic state's affiliate in egypt claimed responsibility for that. it just in officials have yet to not said, they have terrorism was the cause and they are saying the investigation is ongoing, even though britain, have reached u.s. this conclusion that this was in fact an act of terror. francine: thank you so much. our north africa bureau chief. just some, a little bit of information. we h

out, i am not entirely sure at this point. 's difficultknow it because we are altering to find out, we have people on the ground gathering information. the situation is very fluid. there is also a number if you have relatives in the region that you can call. the us a sense, this is not first time there have been incidents involving egypt and airplanes. >> no, not at all. and this is really kind of unfortunate for the country. in march, there was a wasacking, a domestic -- it hijacked to...

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compelled the decision. president obama says he has concern about the at non-'s human rights records. you made the comments during a speech in hanoi. president obama: the right i speak of a believe are not american values, they are universal values written into the declaration of human rights. rightshree human activists were reportedly prevented from attending the president's speech. pakistan will conduct dna tests on the man killed a drone strike to determine if he is actually the taliban and chief. kabul, and senior taliban commanders have confirmed his death. beginning in 2017, beijing will fueltute china's toughest quality standards which could cut emissions in the city by 15% news 24 hoursobal a day powered by our 2400 journalists in more than 100 ft news bureaus around the world. i mark crumpton. "bloomberg west" is next. crumpton.k emily: i'm emily chang and this is "bloomberg west." to spinning out a business merge with another company. what it means for the company and meg whitman. toyota gets into car sharing -- it's the latest car maker invest in a ride hailing app. we will bri

compelled the decision. president obama says he has concern about the at non-'s human rights records. you made the comments during a speech in hanoi. president obama: the right i speak of a believe are not american values, they are universal values written into the declaration of human rights. rightshree human activists were reportedly prevented from attending the president's speech. pakistan will conduct dna tests on the man killed a drone strike to determine if he is actually the taliban and...

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lectured, we have a unique arrangement with britain since the 1920's, with almost one million irish people living in britain. we take an interest in informing those people who will have the opportunity to vote. in ireland, over the last 40 years, we've had a lot of experience voting on european referendums, with different treaties and so on. people in this country are very well acquainted with the issues that surround the european project and the european process. from that point of view, ireland has clearly made its decision, that irrespective of the decision of the british people, and we hope it is positive, that ireland will continue to be linked to the euro and the european union. we made that decision in a referendum in number of years ago. guy: you've had some interesting referenda in the past. not always as you say being as clear-cut as you would have thought. ,ack to the issue of the upside have you been actively courting u.k., european banks, american banks, trying to make it very clear that you offer an opportunity where this, as you say, not good outcome, to come into rea

lectured, we have a unique arrangement with britain since the 1920's, with almost one million irish people living in britain. we take an interest in informing those people who will have the opportunity to vote. in ireland, over the last 40 years, we've had a lot of experience voting on european referendums, with different treaties and so on. people in this country are very well acquainted with the issues that surround the european project and the european process. from that point of view,...

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removal of some uncertainty about what is happening politically in the ,.s., but being in australia there is constantly and i on china, the debt situation there and where china is going to go. we are asia-pacific focus. -- focused. it was a bit bazaar of china sending out the message that that is not really an issue. to beses some eyebrows raise, doesn't it? we talked about the portfolio position we have taken, and while we are invested in chinese and hong kong equities, we have decided to take no position in chinese rank debt. it is an opportunity, but one we prefer to forgo. one of the chinese banks is raising money in australia. the market,ally tap but we are going to stand back a bit, because it some stage it will be a debt blowout. how they respond to it politically and socially is very important. reading your research, it was quite interesting that because you do mention the prospect of the spec or or tor of social discontent, what would be the capitalist -- catalyst for that? >> i don't know what the catalyst would be. s.don't think anybody know is very for power interesting. it wa

removal of some uncertainty about what is happening politically in the ,.s., but being in australia there is constantly and i on china, the debt situation there and where china is going to go. we are asia-pacific focus. -- focused. it was a bit bazaar of china sending out the message that that is not really an issue. to beses some eyebrows raise, doesn't it? we talked about the portfolio position we have taken, and while we are invested in chinese and hong kong equities, we have decided to...

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republican , congressmen talk about trump 's d.c. trip and what it means for party unification efforts. ♪ ♪ mark: joining us now to talk more about donald trump's the dating session on capitol hill today, two republican members of the house. who have said donald trump will be the nominee but has not endorsed him yet. and the other one who has, they both join us from the canon rotunda on capitol hill. gentlemen, welcome. let me start with you, congressman marino. tell me what you think donald trump accomplished today with the meetings that he held on the hill? donald and paul ryan accomplished a great deal. for the sake of getting together and not so much airing out differences, because i think they came to realize they have a great deal in common. mark: and congressman labrador is there something that would , make you get wildly enthusiastic about donald trump? if so, what is that? >> i want to clarify, i am supporting donald trump because he is the nominee of the party. i have always said it would support anyone who is the nominee. i would have to sit down and talk with him and re

republican , congressmen talk about trump 's d.c. trip and what it means for party unification efforts. ♪ ♪ mark: joining us now to talk more about donald trump's the dating session on capitol hill today, two republican members of the house. who have said donald trump will be the nominee but has not endorsed him yet. and the other one who has, they both join us from the canon rotunda on capitol hill. gentlemen, welcome. let me start with you, congressman marino. tell me what you think...

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move follows warnings the manywomenscouldhurt state nvolved and i think and federal inquiries. russia is including maria sharapova that. it's a very interesting thing. during the trial we learned some interesting things of what went on behind the scenes. there were negotiations between larry elson and larry page, discussions about that, in the very early days, we are seeing in the picture, there was kind of hilarious comments, she approached one of the google people. we are a new kind of company, we don't adhere to the old rules. she said to them, how about the shalt not , thou steal, that's an old rule. that got some laughs in the courtroom even from the judge that didn't seem to favor oracle in this trial. it's an interesting case. one of the things we found during the trial, when oracle bought sun, they assigned a big dollar value to the java licenses and potential java uses. so people look at that deal and wonder why did they pay so much money for sun? java was great value to them, the value they expected to get out of java they may never get if they can't enforce the lice

move follows warnings the many women s could hurt state nvolved and i think and federal inquiries. russia is including maria sharapova that. it's a very interesting thing. during the trial we learned some interesting things of what went on behind the scenes. there were negotiations between larry elson and larry page, discussions about that, in the very early days, we are seeing in the picture, there was kind of hilarious comments, she approached one of the google people. we are a new kind of...

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worst -- 's the worst performing equity market across the globe. investors are very nervous about this political of people that has been taking place this month. manus: talking about angela merkel, with some pictures at the start of the show arriving in turkey. this refugee deal is critical, isn't it? do we expect some kind of rapprochement, or re-stabilization of the agreement? what can we expect? reporter: angela merkel is here to attend the u.n. humanitarian summit. she will also be meeting with the president later today. her main mission is to make sure hat the eu-turkey-refugee deal does not fall apart. they say turkey is dragging its feet to give visa free travel to turkish citizens. they also want speedy delivery of the 6 billion euros promised. germany, for its part, is concerned about the grip of power. also, turkey lifting the community of kurdish lawmakers. it is going to be important to see what comes out of the meeting later today. manus: executive producer in istanbul, with the latest on merkel merkel's journey to istanbul. anna: the u.s. economy should be strong eno

worst -- 's the worst performing equity market across the globe. investors are very nervous about this political of people that has been taking place this month. manus: talking about angela merkel, with some pictures at the start of the show arriving in turkey. this refugee deal is critical, isn't it? do we expect some kind of rapprochement, or re-stabilization of the agreement? what can we expect? reporter: angela merkel is here to attend the u.n. humanitarian summit. she will also be meeting...

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. overometimes, it spills into arrogance. i am different from how i was in my 20's. bill gates, he is very different from what he was in his 20's. everybody learns a lot in the pursuit. energyerstandable sometimes spills over to arrogance and it tends to get softer overtime. the only silicon valley company that grew from strength to strength as it swap ceo's was intel in the first 30 years. do you think twitter can become the second in history? to bring ar better founder back who feels a real sense of dedication and ownership with the company then going outside and recruiting a higher hand. jack hasn't been bashful about saying that the product of twitter needs improvement. that is where his strengths lie. consumerct is in satisfaction. >> how do you see this playing out? does this bubble burst or is there a soft landing? >> you grew up in wales and you somehow made it to silicon valley. what kind of kid were you and how did you get here? >> through no grand plan. i went to college in britain and this was the britain of the mid-1970's, not a particularly enticing place if you were a y

. overometimes, it spills into arrogance. i am different from how i was in my 20's. bill gates, he is very different from what he was in his 20's. everybody learns a lot in the pursuit. energyerstandable sometimes spills over to arrogance and it tends to get softer overtime. the only silicon valley company that grew from strength to strength as it swap ceo's was intel in the first 30 years. do you think twitter can become the second in history? to bring ar better founder back who feels a real...

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. on june 8.s this is near the stocks record high. we look at a chart of monster beverage. there is a slow-moving trending range. at some point this year, the could be some downside or bearish action. betty: nasdaq is up slightly. the index is rallying. tell us what is going on. abigail: ahead of monster cap adviser is the top for me a stock today. we also have priceline and expedia up. news, we of any real have a lot of internet names rallying with amazon hitting a record high earlier. we see the stock is range bound. this is something fundamentally specific. betty: thank you, abigail doolittle the nasdaq. taylor has more from the newsroom. finance have come up with their most detailed transport greek debt release. they're trying to get the imf to take part in the rescue. it calls for extra austerity measures of the country mrs. budget projections. greece is said that is impossible. the british trade deficit has not been this large since 2008. it widened to $19 billion in the first order. of aneinforce the picture economy driven by domestic consumption. the pound has fallen 6% this y

. on june 8.s this is near the stocks record high. we look at a chart of monster beverage. there is a slow-moving trending range. at some point this year, the could be some downside or bearish action. betty: nasdaq is up slightly. the index is rallying. tell us what is going on. abigail: ahead of monster cap adviser is the top for me a stock today. we also have priceline and expedia up. news, we of any real have a lot of internet names rallying with amazon hitting a record high earlier. we see...

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closing bell. u.s. stocks closing lower this friday.thes&p havinghis longest weekly losing streak since january. "what'd youstion is miss?" three charts you cannot miss on the state of can -- of the concern. call fromhat francisco blanche. we begin with our market minutes. down on this friday leading to the third straight week of losses for the s&p 500. the longest weekly losing streak in four months. the dow losing 180 points. all groups lower even after retail sales can better than expected. they shot up after that strong number but they did not hold on. we ended with red on the day. still less than 1% but it felt like a selloff. scarlet: look no further than retail. i have a weekly chart of some of the names that got taken out to the woodshed. jcpenney's reporting earnings, the rating was downgraded to junk and macy's cutting forecasts. you had nordstrom's falling the most in the s&p today. cutting its annual forecast and , thehat dragged on the xrt spider retail etf. you brought this question of earlier in the week. for retail spring the way summer was for media? at som

closing bell. u.s. stocks closing lower this friday. the s&p having his longest weekly losing streak since january. "what'd youstion is miss?" three charts you cannot miss on the state of can -- of the concern. call fromhat francisco blanche. we begin with our market minutes. down on this friday leading to the third straight week of losses for the s&p 500. the longest weekly losing streak in four months. the dow losing 180 points. all groups lower even after retail sales can...

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: welcome back. we have the first word. >>thinks.sandgrowth slowed in april, down from march. the steel and coal output dragged on production and estimates came in short. wealth fund will seek to join a class action suit against volkswagen. compiled, theyta are acting to safeguard. the interest rate hike associated with the brexit vote ahead of the election. the cbi cut the growth forecast and the referendum has put a dark cloud of uncertainty over the outlook. the mayor of manchester has an the last game of the football season. they say the package found devicethe match was a left during an earlier security exercise. the news is powered by our bureaus around the world. you can find more stories. host: thank you very much. the latest stories. the stocks have rebounded. we have a little bit more detail and a yield curve. >> thank you. we have the chinese data and disappointed data. not too much of the estimates. there is the delayed sales tax increase. we saw it fall to a two-month low and they have erased some of those slightly. year yield,t the 10 this could be cause for concerns in ch

: welcome back. we have the first word. >> thinks. s and growth slowed in april, down from march. the steel and coal output dragged on production and estimates came in short. wealth fund will seek to join a class action suit against volkswagen. compiled, theyta are acting to safeguard. the interest rate hike associated with the brexit vote ahead of the election. the cbi cut the growth forecast and the referendum has put a dark cloud of uncertainty over the outlook. the mayor of manchester...

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nasdaq has been a holdout and now no longer.thes&p isdeeply in the red. the dow has in lagging. take a look on the bloomberg here. the sectors on the move, energy, the worst-performing group. really coming from oil prices, consumer staples also today. this is coming in the face of what looks like positive economic data earlier this morning. big-time gainers, how does that work? >> it is a little unusual. we look at the s&p 500. cases, aren some some of these energy companies. this has more to do with natural gas. you look at natural gas inces, we have seen a rally those prices because of the heat in the season. you see it up 5%, the latest in a run of gains, helping companies that are more skewed toward natural gas and oil. >> the price of oil continues to fall. thank you for that. in other news, let's head to the check of the headline. m a has more from the newsroom. anima: the world health realization labeled the zika virus a world public health emergency. we talked with dr. thomas, director at the cdc here he joins us exclusively from atlanta and talks about the choice to delay or

nasdaq has been a holdout and now no longer. the s&p is deeply in the red. the dow has in lagging. take a look on the bloomberg here. the sectors on the move, energy, the worst-performing group. really coming from oil prices, consumer staples also today. this is coming in the face of what looks like positive economic data earlier this morning. big-time gainers, how does that work? >> it is a little unusual. we look at the s&p 500. cases, aren some some of these energy companies....

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the 19, the 1980's. i think the last and arguably successful president we had was ronald reagan in this country. he will indict both parties, the leadership of both parties, and he will say there is an upside to doing that with the millions of democratic voters who are as upset as republican voters, they could cross over as reagan democrats. john: so for him, by his calculation, party unity in the overrated. you play that game, that is the way they alienate the republican party. steve schmidt: it is a bipartisan thing that attacks both sides. a lot of people will not rally to that message. i think they will say welcome aboard, we want everyone to be on the team, but he will not go out of his way to make concessions. one thing he would be smart to do is reach out to paul ryan upon winning indiana, if he does that, and say, what does the legislative package i signed up to the congress on january 21 look like? what is the first 100 days of legislation that you can pass, i would like you to partner with me in drafting this legislative package. that is how we does the reach out to estab

the 19, the 1980's. i think the last and arguably successful president we had was ronald reagan in this country. he will indict both parties, the leadership of both parties, and he will say there is an upside to doing that with the millions of democratic voters who are as upset as republican voters, they could cross over as reagan democrats. john: so for him, by his calculation, party unity in the overrated. you play that game, that is the way they alienate the republican party. steve schmidt:...

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anything like that. upwards. aterrors, spillingover into the rest of the world. six out of the last seven sessions showing negativity. you have the beijing markets in the sunday sessions down. what we really have is the u.s. coming in on friday and saying an dollar-yen market is orderly one and japan must keep its group of 20 commitments. have germany, china, south korea, and taiwan mentioned in that report. it seems like the path of least resistance for the yen is to the upside. that is it for this edition of "bloomberg markets middle east." whites stocks sink. the ye -- >> stocks sink. the yen is at a high. --s >> i don't think you need a freeze. you must remember that the demand for oil continues to rise. it is not going down. be rising demands and the lack of investments in new supply.

anything like that. upwards. a terror s, spilling over into the rest of the world. six out of the last seven sessions showing negativity. you have the beijing markets in the sunday sessions down. what we really have is the u.s. coming in on friday and saying an dollar-yen market is orderly one and japan must keep its group of 20 commitments. have germany, china, south korea, and taiwan mentioned in that report. it seems like the path of least resistance for the yen is to the upside. that is it...

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points.s&p 500futures positive come around four or five points. a weaker dollar is the story. the dollar-yen, what a move last week. biggest weekly drop since 2008. crude -- you think dollar yen had a week? up. a month, april, crude we are down 1/10 of 1% on the session. let's get across to matt miller now for some stocks to watch. down 19%se shares were on friday, and the stock is getting downgrades today. j.p. morgan cut their shares to underweight from neutral. rbc downgrading. j.p. morgan's analyst ron hall that ron hall says it continues to deteriorate. -- bb&tt shares of analyst gary nelson says shares -- goldman sachs is switching some things around among defense contractors today. goldman has updated l3 communications to buy, saying the guidance is that it has underperformed and it is ready to change that trend. reachedes have almost the $107 target. david: it is time now for "bloomberg trends," and you can go to read go and see this yourself. i want to talk about -- i think he was number one when i just checked. it is warren buffett, and he is dumping out hedge funds big-

points. s&p 500 futures positive come around four or five points. a weaker dollar is the story. the dollar-yen, what a move last week. biggest weekly drop since 2008. crude -- you think dollar yen had a week? up. a month, april, crude we are down 1/10 of 1% on the session. let's get across to matt miller now for some stocks to watch. down 19%se shares were on friday, and the stock is getting downgrades today. j.p. morgan cut their shares to underweight from neutral. rbc downgrading. j.p....

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until the mid-20 20's and after that, we are back to conventional oil. we based on what we know, have 10 or 12 years going from where we are and after that, i think the declines will come in and we are back to the old story of conventional oil. talk about the convention. it all sort of went wrong, didn't it? that of course is responsible for where we are partly now. you suggested the saudi's had no choice but to do that. why? >> let's say the saudi decided to stabilize the price in 2014. u.s. production would have gone in 2016.ased it would have brought in 2 million barrels a day of the u.s. production into the market. their choice was either to cut or $7 millionsix or let the market go. their policy was to decide size matters. for their survival, they have to be the number one most important player in the world. their point of view, i totally understand. if i were them, i would do exactly the same thing. suggesting their role is not to maximize profits but they have other regional aspirations as well. >> absolutely. they are a global player and they want to stay a global player. if y

until the mid-20 20's and after that, we are back to conventional oil. we based on what we know, have 10 or 12 years going from where we are and after that, i think the declines will come in and we are back to the old story of conventional oil. talk about the convention. it all sort of went wrong, didn't it? that of course is responsible for where we are partly now. you suggested the saudi's had no choice but to do that. why? >> let's say the saudi decided to stabilize the price in 2014....

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quite all of the groups inthes&p thatis higher. staples and utilities in particular. today,look at the banks goldman sachs holding its annual meeting here. the majority of shareholders voting to keep the ceo and chairman role as one. all the banks bouncing back today. in terms of technology, supply materials the largest maker of chip making equipment is on the rise today. the company raising its forecast which is above what analysts had anticipated. the company said last quarter, new orders surged by more than 50%. the company is benefiting from a conversion of memory chips to a newer generation. chipmaking other stocks are higher during the session. the s&pe approaching 500 the one-year anniversary of the one year high, i want to take a look at the one-year performance in the major averages. the dow made its record on may 19. the nasdaq did not get there until july. all three major averages are a long way from re-attaining those records at this point. >> how are they doing today? >> we are seeing a rebound in commodities today. let's look at oil and gold. lower.s just turned so ha

quite all of the groups in the s&p that is higher. staples and utilities in particular. today,look at the banks goldman sachs holding its annual meeting here. the majority of shareholders voting to keep the ceo and chairman role as one. all the banks bouncing back today. in terms of technology, supply materials the largest maker of chip making equipment is on the rise today. the company raising its forecast which is above what analysts had anticipated. the company said last quarter, new...

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the earliest ages so i don't think there is .s much going on definitely in the unicorn market valuations were cut in half or where they were last year, so that is going to slow down the activity a little bit, but they are still great companies producing great goods and services. yvonne: your business model has been seen -- >> like to think of it as a quantitative approach. i think the rest of the markets are the ones who are gambling. there are very few companies that become unicorns, probably only one or 2% get to the unicorn. when you only have portfolios with 20 to 40, you are betting. when you have a portfolio 500 it is a little more predictable and you will attorney to 5% or 10%. yvonne: i appreciate your insight. joining us from 500 startups. that is how we wrap up the conference here in hong kong. angie: all right, thank you. coming up next, we are headed for our biggest monthly losses last year's evaluation. we will be discussing all of that and the outlook, right here on "asia edge." ♪ angie: welcome back. joining me now, we have mark mcfarlane, asia chief economist

the earliest ages so i don't think there is .s much going on definitely in the unicorn market valuations were cut in half or where they were last year, so that is going to slow down the activity a little bit, but they are still great companies producing great goods and services. yvonne: your business model has been seen -- >> like to think of it as a quantitative approach. i think the rest of the markets are the ones who are gambling. there are very few companies that become unicorns,...

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to the wall street journal cruz trails donald trump by 15 points in thestate.scruzhopes his grassroot organization -- the pressure is on investors in congress to help saw puerto rico's debt crisis. the u.s. commonwealth will default on a $422 million bond payment for its development bank. it as a another $2 billion due coming july 1. congress is working on a rescue plan. playground concussions are on the rise. monkey bars and swings are mostly at fault. researchers found almost 215,000 kids were treated yearly. almost 10% had tremendous brain injuries including concussions. global news 24 hours a day, powered by 2400 journalists, in more than 150 news bureaus across the world. i'm mark crumpton. alix: thank you so much. we are halfway through s&p earnings and 70% of companies that beat profit estimates, but there was a downside and it is lower growth projections for the future. what is an investor to do? history is a guide that might make sense. take a look at this chart from research that shows s&p 500 performance since 1950. may to october, the weak point. joining us now i

to the wall street journal cruz trails donald trump by 15 points in the state. s cruz hopes his grassroot organization -- the pressure is on investors in congress to help saw puerto rico's debt crisis. the u.s. commonwealth will default on a $422 million bond payment for its development bank. it as a another $2 billion due coming july 1. congress is working on a rescue plan. playground concussions are on the rise. monkey bars and swings are mostly at fault. researchers found almost 215,000...

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, saving to support again that june is on the table, july could be on the table.,s&p, andnasdaq are all trading lower, up off the lows to some extent today. yet, when you look around at other markets, they are not necessarily supporting this narrative. you could look at the two-year as well as the 10-year, and yields are actually lower, which is not what people would take if .nterest rates are going higher i'm looking at world bonds and two-your notes around the globe. the u.s. and canada at the top. as you go down, that blue column, you see a lot of negative numbers, so you are not getting yield elsewhere. the yield still at least relatively by comparison looks attractive. also look at how the u.s. dollar is trading today. we are seeing a little bit of a game, more in line with what you might expect, but not a huge one. only .1%. what about m&a? we are getting news on that front as well. julie: the maker of armand hammer baking soda, the stock was up yesterday and then came down because there have been reports of speculation about .otential takeover attempts pierce and write out sa

, saving to support again that june is on the table, july could be on the table. , s&p, and nasdaq are all trading lower, up off the lows to some extent today. yet, when you look around at other markets, they are not necessarily supporting this narrative. you could look at the two-year as well as the 10-year, and yields are actually lower, which is not what people would take if .nterest rates are going higher i'm looking at world bonds and two-your notes around the globe. the u.s. and...

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in the mid 40's and he absolutely can win this race. one of the things we found, we recently did a large battleground survey for presidential swing states. we found that, yes, both of them are wildly upside down on image. the unfaves versus the favorables but trump more so. when you look at his unfaves, you think there is no chance. the this can't possibly be. the test in the battleground and he is down two points. john: people will vote for him even though they don't like him. people talk about how upside -- wes: here's the deal. people talk about how upside down they are both on image. we like to get graduation on that. we ask are you very unfavorable towards him or somewhat unfavorable, the hate line, and most telling demographic or cross tabb in every survey from now until november will be those folks who say they are very unfaveable towards both candidates. that's about 20% in the battleground. it's who those focus are that is really interesting. these are rough numbers, it changes state to state. if you aggregate them, only about 10% of them are democrats. most of them are un

in the mid 40's and he absolutely can win this race. one of the things we found, we recently did a large battleground survey for presidential swing states. we found that, yes, both of them are wildly upside down on image. the unfaves versus the favorables but trump more so. when you look at his unfaves, you think there is no chance. the this can't possibly be. the test in the battleground and he is down two points. john: people will vote for him even though they don't like him. people talk...

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? as we ramp up to the june 23 referendum date, we will bring you any news and the breakingnews,s&p sayingrex it is a good risk. ♪ francine: welcome back. news, the s&p saying brexit would risk the sterling reserve. we will keep a very close eye and we will keep an eye on where sterling is today. apple's hope of opening stores in india they have been quashed. apple must meet local sourcing rules. basically what the rules require apple to do is have 30% of local component. nejra: if it wants to open its own retail stores other than using franchisees. this is the finance minister ratifying a decision by the foreign promotion board. it could be overturned by the government that it could overturn apple's efforts to get into india. a billion devices were forecast to be sold next year. tim cook has just been to india. francine: bloomberg "surveillance" is up next. we will be talking about currencies and brexit. ♪ francine: fighting the fed. china may press the u.s. on the timing of a rate hike. no holiday for greek debt. payout as thets a imf concedes. it drops to 7% for the first

? as we ramp up to the june 23 referendum date, we will bring you any news and the breaking news, s&p saying rex it is a good risk. ♪ francine: welcome back. news, the s&p saying brexit would risk the sterling reserve. we will keep a very close eye and we will keep an eye on where sterling is today. apple's hope of opening stores in india they have been quashed. apple must meet local sourcing rules. basically what the rules require apple to do is have 30% of local component. nejra: if...

eye10

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. ramy: thedow,s&p, andthe nasdaq at 1% higher or so. up nearly 20 points. the nasdaq up by 66 points. green, especially what happened on friday. we have basically erased our losses from friday. it is as if the past two days there really happened. about, itas talking is an energy-led rally. hownt to show you exactly green we are in terms of sectors. energy is up by nearly 1.6%. it has been the biggest leader by sector for the entire day. information technology not far behind. had been inerials the number two position, now in the number three position. take a look at where oil has been going to run the day. just at session highs by a little more than 3%. highis still a six-month not seen since november 4. goldman sachs increasing its full-year price in cast to $44.60 a barrel from $38 36 cents a barrel. militant attacks in nigeria have been pushing down production, a cut of 30% or so. and there has been increasing demand. of this, take a look at what is happening with oil majors. williams company, the biggest riser by 5.3%. the same for apache. energyn and devon up about 4%. dav

. ramy: the dow, s&p, and the nasdaq at 1% higher or so. up nearly 20 points. the nasdaq up by 66 points. green, especially what happened on friday. we have basically erased our losses from friday. it is as if the past two days there really happened. about, itas talking is an energy-led rally. hownt to show you exactly green we are in terms of sectors. energy is up by nearly 1.6%. it has been the biggest leader by sector for the entire day. information technology not far behind. had been...

eye16

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timelines. how confident are you that he can meet the deliveries for themodelsandget the model three out on the schedule he said he would? benefit ofe the having worked for him, so i would not bet against him under any circumstance. i think it is inspiring what they are already accomplishing and what they have announced, and i think it creates an interesting dynamic for the rest of the automotive industry. if you bet against tesla and you're wrong, they will take your market share. if you bet against them and you are right, we do not have electric vehicles and desperately need them from an environmental perspective. emily: what do you make of the recent departures of other executives? does tesla need to hire more people to make it happen? ryan: every company that is growing and developing new technology is constantly on the hunt or developing executive talent. for all the companies in silicon valley, you see a fair amount of leadership turnover, so i would not read into it too much. i spent a couple of years at tesla, had a great time, and moved on to another role in my career.

timelines. how confident are you that he can meet the deliveries for the model s and get the model three out on the schedule he said he would? benefit ofe the having worked for him, so i would not bet against him under any circumstance. i think it is inspiring what they are already accomplishing and what they have announced, and i think it creates an interesting dynamic for the rest of the automotive industry. if you bet against tesla and you're wrong, they will take your market share. if you...

eye7

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s&p 500extending three weeks lows and investors waiting the big jobs report for clues on the strength of the world alix: 's biggest economy. gopro and others reporting this hour. the prime minister of turkey is expected to step down. we have a special guest host today, welcome back. marketegin with the minutes. not a lot when you look at the movement of the indexes. moved within a narrow range, the s&p closing at its narrowest range. energy was the best performer. initial jobless claims moving up a little bit but there's no direction to come with tomorrow's jobs number. the dow was up 85 points, so that slide was a bit dramatic. volume was terribly light, this time of day, it was a very light day. oliver: if you look at stocks, a few things jump out. look intoe a deeper what is going on, few things have popped out. alibaba andclose to you have a few other measures if you look at what happened with financials and look at what is happening in terms of their momentum, the 200 day moving average, they have been down there for two days. of the s&p. part you have to keep that in mi

s&p 500 extending three weeks lows and investors waiting the big jobs report for clues on the strength of the world alix: 's biggest economy. gopro and others reporting this hour. the prime minister of turkey is expected to step down. we have a special guest host today, welcome back. marketegin with the minutes. not a lot when you look at the movement of the indexes. moved within a narrow range, the s&p closing at its narrowest range. energy was the best performer. initial jobless...

eye14

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at the end of march. he is also among a group bidding for yahoo!'s assets. are we reading too much into this? is he changing his tune? i am sure we would all love to know the answer, but i think we need to put these things in perspective so when it comes to are talking about a billion dollars, which in the grand scheme would be a lot of money for you or i, but for berkshire hathaway, not as much. a billion dollars is relatively small for berkshire. when it comes to yahoo!, what we are talking about is financing for the takeover, and this is something that buffett, has been doing for many years. he uses berkshire's resources to back companies bid for other companies. i am looking at that moore as a financing relationship and not a long-term bet on yahoo!. >> hedge fund managers and -- andgiving investors decipher some market trends. what are the big names that stand out and everyone jumps off the back? some stuffift from that had been working for a while. the biggest draw down was in the health care space and the financials. last quarter at the end of 2015, you had about seven out o

at the end of march. he is also among a group bidding for yahoo!'s assets. are we reading too much into this? is he changing his tune? i am sure we would all love to know the answer, but i think we need to put these things in perspective so when it comes to are talking about a billion dollars, which in the grand scheme would be a lot of money for you or i, but for berkshire hathaway, not as much. a billion dollars is relatively small for berkshire. when it comes to yahoo!, what we are talking...

eye6

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see something we haven't seen since the 1990's, which is more people put to work with higher wages. >> she says president clinton would have a role in her white house as an economic adviser. is he advising her on the economy right now? and in what way? >> as you know better than most people, he has a wealth of ideas at any given time. >> are there particular things he has advised her of? >> -- >> what she referred to in terms of the role he would play in an administration is not an official role or a cabinet post. you would be particularly focused on areas of the country that have seen disinvestment. she made the comments in kentucky and west virginia with an eye toward how can we lift up -- john: are there ideas he has given her that she is espousing on the campaign trail now? >> i am not going to credit any of these proposals to him solely. i think that would not be accurate. she has a raft of individuals she solicits ideas from, and these proposals are her own. >> she has taken criticism for this, that it would be a two for the price of one. is there a political risk in that? i

see something we haven't seen since the 1990's, which is more people put to work with higher wages. >> she says president clinton would have a role in her white house as an economic adviser. is he advising her on the economy right now? and in what way? >> as you know better than most people, he has a wealth of ideas at any given time. >> are there particular things he has advised her of? >> -- >> what she referred to in terms of the role he would play in an...

eye580

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emerging internet of things. ♪ consistently inconsistent.thes&p hasalternated between daily gains and losses for seven straight russians. -- sessions. bayer remains confident it can take over monsanto after its initial bid was rejected. is the drugmaker in danger of overpaid -- overpaying? vonnie: could this be the beginning of the end to greece's recession? ♪ david: welcome to the second hour of bloomberg . i'm david weston here with jonathan ferro and vonnie quinn. jonathan: we will head to the bloomberg breakaway conference in new york and speak with the chairman of cisco, john chambers. big moneympany sees in the emerging internet of things. vonnie: we will keep you up-to-date with all the market moves across globe. jonathan: futures here hire. s&p 500 futures positive. the ftse pushing higher by .6. the dax surging. the biggest two day pop since april. euro is nowhere to be seen. i will go straight to abigail doolittle. abigail: we are watching shares of tiffany and express down sharply in the premarket. have retail companies joined the graveyard of retail companies to be h

emerging internet of things. ♪ consistently inconsistent. the s&p has alternated between daily gains and losses for seven straight russians. -- sessions. bayer remains confident it can take over monsanto after its initial bid was rejected. is the drugmaker in danger of overpaid -- overpaying? vonnie: could this be the beginning of the end to greece's recession? ♪ david: welcome to the second hour of bloomberg . i'm david weston here with jonathan ferro and vonnie quinn. jonathan: we...

eye8

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banged the week on a down note. lackluster results for major retailers.thes&p 500headed towards its streak and four months. the acting president of brazil doesn't see change to investments -- does see change to the game in their economy. and apples bet on investing in ridesharing company didi. what does it mean for uber? there one hour away from close of training for the day and the weekend. let's head to the markets desk and check in with julie hyman. we are pretty much at our lows. yeah, and we some results of lackluster volume. we will look at that in a minute. the dow is down 171 points, down nearly 1% as we head towards the close. it looks like we will have a down week for the third straight week. let's take a look at the volume on the terminal. this looks at volume by industry. all are down. telecoms seeing a drop, energy also seeing a substantial drop. upticky group seeing an of 18% is construing or discretionary -- is consumer discretionary. outside from that, not much activity. if you look at the s&p 500 over the course of the day, you can see the interior rating prices. th

banged the week on a down note. lackluster results for major retailers. the s&p 500 headed towards its streak and four months. the acting president of brazil doesn't see change to investments -- does see change to the game in their economy. and apples bet on investing in ridesharing company didi. what does it mean for uber? there one hour away from close of training for the day and the weekend. let's head to the markets desk and check in with julie hyman. we are pretty much at our lows....